01 - Taxes
Retirement Tax Treatment
Illinois does not tax Social Security benefits, giving retirees a meaningful break despite the state's flat income tax.
Source · Tax Foundation
8
Fact text
- Oak Forest got its name from a literal oak forest, specifically a dense stand of timber so packed with oak trees that locals just started calling it that in the 1880s.
- A tiny ghost settlement called Goeselville once existed within what is now Oak Forest, and even though its post office closed over 100 years ago, the name still quietly pops up on modern maps.
- Bachelor's Grove Cemetery, one of America's most famously haunted cemeteries, sits right on Oak Forest's doorstep in the nearby forest preserve.
Your
Oak Forest
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
27403
+
Total Population
$
78865
Median Income
$
202400
Median Home
16
%
Age 65+
Retirement Suitability
How
Oak Forest
ranks for retirees?
32
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
89
Healthcare
16
Climate
19
Results
Oak Forest
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
89
03 - Healthcare
Hospital Access & Quality
The area has
43
Medicare-certified hospitals, averaging a
3
/5 CMS quality rating.
Source · CMS Hospital Compare
3
04 - Climate
Weather & Comfort
A
Cold / Snowy
climate — summers peak near
82
°F, winters dip to about
18
°F, with roughly
28
″ of snow a year.
Source · NOAA Climate Normals
Cold / Snowy
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Very High
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